Compared to Bitcoin, Ethereum seems undervalued. I am not sure if I made a mistake by holding Ethereum. Monitoring for a long time, but it doesn't want to go up. Though Bitcoin pumped a couple of x, Ethereum still seems to not want to move. I am unable to find any valid reasons why ETH is not moving. What do you think? Is Ethereum potentially better to hold or move to another altcoin? Just for information, I don't like to hold shitcoins except top altcoins. Because I have experience of loss in a big amount by holding shitcoins. What are your thoughts?
And that's why we said that we haven't seen the altcoin bull run yet because the top altcoin is not making a new all time high while Bitcoin has reach $108k already. Perhaps one reason is that investors right now is pouring their money on the Bitcoin market because that's where they can make short term profits.
If they the altcoin market wants to have a bull run of their own, then they will have to lower the dominance of Bitcoin to less than 50%. But so far it's hard to do it unless Ethereum investors will rally themselves to push the price to a new all time high. And might be possible for next year.